Has the market been worse?

[PeterC]

Eh? This is a troll surely.

To have 300k in ones back pocket means one of three things to me:
1: Lottery winner
2: Selling up and sailing off
3: Oi am conseederably reecher than yow.

No, not a troll.

2 is nearest the mark, but not selling up, just a couple of years off and not for a year or two. I only mentioned the sum because it was relevant - 50 foot because having done some cruising on a yacht of that size it seems to work well. It is comfortable for 2, but big enough for family visits, and copes well with more demanding conditions. At my age I like the mod cons - call me a tart but there it is.

 

[Marsupial]

50ft is comfortable for two yes, but WILL be a handfull for two

enjoy your boat whatever it turns out to be

 

[Bilgediver]

50ft is comfortable for two yes, but WILL be a handfull for two

No chance......He likes his mod cons so push button reefing and furling from the hot tub!!!! Just needs lots of fuel and or battery banks for the power source.

 

[Paddy_N_Murphy]

Is a Moody 47 too small.

This has been floating my boat for a while, and looks a tidy proposition ?
What would you spend you £5 of change on though ?

A sorted 47 is manageable - it all depends on how / where you are going to use her.
Sounds like he will be having 'Guests' or commonly known as crew arriving from time to time too.

 

[Boat44]

What a fun game. I have money to spend on a nice boat!

Good luck with your choise, people are certainly suggestion some very nice stuff, bang on the money mark.

From experience, make sure you have spare cash left over to fix "things". Something will crop up and if you have blown all the budget on the purchase you'll have to cut back on the wine/rum and that would just not do!!!

50 foot for two is big. Whilst it might come with all the buttons to whizz the sails in/out, anchor up/down, add more bubbles to the hot tub etc, make sure it fits whith the type of sailing you do. And you don't mind coughing up for support when work needs to be done. We have a 44 footer and I can barely lift the No. 1 by myself. It's enough effort for two of use to lift it off the boat to get it cleaned in the winter!

But if you are happy with all that, there should be some great deals to be had. At that sort of money it could be worth engaging a surveyor now. They have access to some very interesting databases that list the price yachts actually sell for. (Not available to jo public) I found this out when I had an insurnace survey last year and balked at the valuation he put on it. He said that was what they were selling for, I countered and said that was dependant upon how good a negotiator you are. We settled on a valuation based on what the asking price would be!!!

You know the saying about the happiest days of a yachtsmans life; so enjoy this one!

 

[Kurrawong_Kid]

50ft is comfortable for two yes, but WILL be a handfull for two

enjoy your boat whatever it turns out to be

Have a look at some of the smaller Oysters, such as the 435, pre owned (as they say!) Many have in-mast furling, power headsail furling etc. and are setup for easy sailing by two.Suggest you take your time to assess what you really require. There' s no real hurry-yachts are not leaping out of the brokers' arms.

 

[Bosun Higgs]

Eh? This is a troll surely.

To have 300k in ones back pocket means one of three things to me:
1: Lottery winner
2: Selling up and sailing off
3: Oi am conseederably reecher than yow.

4/ Elderly parent passed away and house inherited.

Sounds like a lot of money to me too but then I think of the cost of other things. For example an E type Jag which I fancied as a young man in the 60s cost £2k ex factory but the modern equivalent which is an XK is , I believe, in the 70k to 80k bracket.

Sad really. I look at my finances in £s and think " I'm rich" but then I look at what I can buy with the money ( count the number of Jags for example) and realise that I've really not made a lot of progress financially during my life.

 

[andymcp]

Have a look at some of the smaller Oysters, such as the 435, pre owned (as they say!) Many have in-mast furling, power headsail furling etc. and are setup for easy sailing by two.

Even up to the larger 40-something footers would be in budget and provide extra space. There's a 485 on the market now for £300k - seems odd since the same boat was on the market last year.....maybe they're not such good buys after all.

 

[Kurrawong_Kid]

Even up to the larger 40-something footers would be in budget and provide extra space. There's a 485 on the market now for £300k - seems odd since the same boat was on the market last year.....maybe they're not such good buys after all.

Perhaps, as they say, a change of owner's circumstances?

 

[Ted Poulter]

Yacht purchase in Holland

I would also look to Holland which has a very good and well serviced pre-used market. Tooling around Holland this summer I was amazed at the value on offer there; have a look at Hindelopen dealers as a taster.

PWG

Hi Peter, I am interested in your comments about the yacht market in Holland - I am thinking of buying a boat over there as the model I am looking for seems to be more common in Holland than in the UK. Can you offer any advice please? Major pitfalls, how one should go about a survey etc. I understand that there is a legal obligation on the vendor to declare any faults. Best wishes Ted

 

[Sybarite]

Yes but the price is over the limit.

 

[Sybarite]

If you add a quarter on you take a fifth off. Always add the numerator to the denominator and leave the denominator as was. It always works; you add 2/17ths you take off 2/19ths.

 

[Sybarite]

You would get some fine Amel Super Maramus at that price. The French consider them the Rolls Royce of boats.

http://www.yachtworld.com/core/list...rrency=USD&access=Public&listing_id=1323&url=


They are the ideal short-handed large yacht. Everything is press button.

As another example of quality they actually buy the mahogany in the forest (Gabon) and then let it mature 5 years before using it.

 

[Firestone]

50 Footer

There is the Dublin Boat Show 2011 to be based in Malahide,Ireland,from 20 to 22 May 2011, with 500sq m of undercover exhibitor space and additional berths on the water for showcasing some big brand exhibitors,that would be happy to discuss your requirements and you also could check out the Southampton boat show, etc...IMHO if buying new,do some research on the company and checkout its after sales service,Hold a retainer for unseen charges;Marina Fees,Engine servicing,Plumbing,Electrics and Electronic upgrades,Upholstry upgrades and the Haul out fees,etc...Enjoy boating.

 

[Coaster]

...with 500sq m of undercover exhibitor space...

Is the Show really that small? 500 sq m, i.e. not much more than 5000 sq ft, is about the size of a typical W H Smith shop.

 

[Bosun Higgs]

I have been looking for a while intending to purchase a blue water cruiser up to £300K. So many of the yachts of this type seem to be on the market for month after month. Very few sell and very few new examples appear.

I suspect its always been like that. A decade ago I wanted to but a Prout Snowgoose but couldnt decide what price they should be. So having a stock of old yottie mags, I made a list of all those boats ( something like 40 of them) which had been privately advertised over the past 5 years together with their phone numbers. It was immediately obvious from the advert text that some boats had been repeatedly advertised and for sale for much of that time.

I rang up every seller with the " I wonder if you can help me " line and perhaps surprisingly every seller responded, with details of whether sold and if so the price. Less than half the advertised boats had sold and with a few exceptions, the ones that had sold were the lower priced boats. Those that were still for sale after years were the bad value boats belonging to inflexible owners.

So to me the answer is clear. Buy at a value price and be willing to sell at one too.

 

[bluedragon]

Having been looking for another boat this last year (admittedly not in the £300K class, but a modern 34-35 footer) the market has been quite active. Correctly priced boats in excellent condition, sold fairly quickly...many to overseas buyers. Sought-after models did as well. Manky old boats didn't unless big price drops. Two Rival 36s I looked at (which I thought were over-priced) sold whilst I was thinking about them...so make of that what you will! I think there are fewer buyers out there, but even fewer really good boats priced correctly to sell. Other forum members have made the same comments over the past year or so.

 

[Halcyon Yachts]

I dont understand the yacht market?

I have been looking for a while intending to purchase a blue water cruiser up to £300K. So many of the yachts of this type seem to be on the market for month after month. Very few sell and very few new examples appear.

It seems in recent months to have become even more noticeable.

Is this normal? Will good examples eventually sell or would you expect to have to take a very substantial reduction to force a sale?

Do people think the market has fundamentally changed?

The market has slowed and buyers are demanding more for their money. There are however still plenty of people buying yachts, and it seems to me that the good yachts are being bought quite quickly. Many of the yachts we deliver are changing hands and there are several examples of excellent yachts that were only on the market for a few weeks.

As a few others have suggested, you may need to broaden your search. Yachts from Scandinavia can be particularly good, as they have a short season and often winter indoors. I have seen some 5-10 year old yachts looking as good as new.

Best of luck,

Pete

 

[zarathustra]

I dont understand the yacht market?

I have been looking for a while intending to purchase a blue water cruiser up to £300K. So many of the yachts of this type seem to be on the market for month after month. Very few sell and very few new examples appear.

It seems in recent months to have become even more noticeable.

Is this normal? Will good examples eventually sell or would you expect to have to take a very substantial reduction to force a sale?

Do people think the market has fundamentally changed?

Its easy to understand, less money floating about means less customers, means those prepared to purchase have a better chance to bargain, which will be met with some resistance, but when the sellers realise that the markets won't pick up anytime soon, some will be forced to accept what they can get, depending how much they need to sell.
I have seem so massive price reductions in the boats of your price bracket over the last months

 

[Firestone]

Ref;Coaster,

Well thats what it said on the ad website on www.afloat.ie and given the current financial climate I'm amazed they're even bothering,but then there is still people out there with money to throw at these things,ie boats and accessories.For me it's 2 days off work and if I get really lucky I might win the lotto in the meantime and not have far to overwinter a new cruiser,as the fees on the Grand Canal in the heart of Dublin are only 126 euros pa.